The Budget for 2007 was presented to the parliament by the Prime Minister and Minister of Finance on 14 March 2007. Details of the Budget are summarized below. Direct taxation The changes include: -   the tax rate will be reduced for approved entities under the Small Business Development Act (from 20% to 15%) and the Special Development Areas Act (from 30% to 15%). Companies constructing houses for sale at less than BBD 150,000 each will also be subject to tax at a rate of 15%;   -   the fiscal incentives for the manufacturing sector will be extended for another...